Welcome to our dedicated page for Simpson Manuf news (Ticker: SSD), a resource for investors and traders seeking the latest updates and insights on Simpson Manuf stock.
News and press releases for Simpson Manufacturing Co., Inc. (NYSE: SSD) focus on its role as an industry leader in engineered structural connectors and building solutions for wood and concrete construction. Headquartered in Pleasanton, California, the company, through subsidiaries such as Simpson Strong‑Tie Company Inc., designs, engineers and manufactures wood construction products including connectors, truss plates, fastening systems, fasteners and shear walls, as well as concrete construction products such as adhesives, specialty chemicals, mechanical anchors, powder‑actuated tools and reinforcing fiber materials.
The SSD news feed features quarterly financial results, where Simpson Manufacturing reports net sales, gross profit, income from operations and margins, along with management commentary on business conditions and housing markets. These releases often include details on share repurchase authorizations, dividend declarations and strategic cost savings initiatives, providing insight into the company’s capital allocation and operating priorities.
Investors and analysts can also find announcements about conference participation and investor presentations, as Simpson Manufacturing regularly communicates its story at industrials and materials conferences and other investor events. Additional news items highlight corporate social responsibility efforts, including the publication of its Fiscal 2024 Corporate Social Responsibility Report and initiatives related to social responsibility and environmentally sustainable business practices.
This SSD news page brings together these company-issued updates so readers can follow developments in Simpson Manufacturing’s construction products business, its financial reporting cycle, capital structure decisions and ESG‑related disclosures over time.
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Simpson Manufacturing Co. (NYSE: SSD) reported Q1 2023 net sales of $534.4 million, an increase of 8.3% year-over-year. However, income from operations fell by 4.9% to $118.4 million, while diluted earnings per share decreased by 6.0% to $2.05. North America sales decreased 7.4% to $406.3 million, attributed to lower volumes, while Europe saw a substantial growth of 141.4% to $124.2 million, driven primarily by the acquisition of ETANCO. The consolidated gross profit rose 6.8% to $252.9 million, but gross margin decreased slightly to 47.3%. Management has adjusted the full-year operating margin outlook to 19% to 21%, predicting challenges due to a weaker housing market.
Simpson Manufacturing Co., Inc. (NYSE: SSD), a leader in engineered structural connectors and building solutions, will report its first-quarter financial results for the period ended March 31, 2023, on April 24, 2023, at 4:15 p.m. Eastern Time. The conference call will be hosted by President and CEO Michael Olosky and CFO Brian Magstadt at 5:00 p.m. Eastern Time, accessible via the Company’s Investor Relations website. Investors can call in using (877) 407-0792 for the U.S. and Canada, or (201) 689-8263 for international participants. A replay of the call will be available starting April 24, 2023, at 8:00 p.m. until May 8, 2023. Simpson specializes in manufacturing wood and concrete construction products and supplies to markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) announced its participation in the Sidoti Small-Cap Virtual Conference set for March 23, 2023, at 11:30 a.m. ET. CEO Mike Olosky and CFO Brian Magstadt will present and engage in virtual meetings with investors. The event will be available for live streaming on their Investor Relations website, with a replay accessible for 90 days. Simpson Manufacturing, based in Pleasanton, California, is a leading manufacturer of wood and concrete construction products, supplying solutions to residential and commercial markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) reported Q4 2022 net sales of $475.6 million, a 13.6% year-over-year increase, with full-year sales reaching $2.12 billion, up 34.5%. Q4 net income was $57.6 million, or $1.35 per diluted share, down from $69.8 million, or $1.61 per diluted share a year prior. The company declared a quarterly dividend of $0.26 and repurchased $78.6 million in stock in 2022. European sales surged 150.3% due to the acquisition of ETANCO. Management anticipates operating margins between 18% and 20% for 2023, while integrating ETANCO and pursuing growth initiatives amid a challenging market.
Simpson Manufacturing Co. (NYSE: SSD) announced a quarterly dividend of 26 cents per share, declared on January 24, 2023. This dividend will be payable on April 27, 2023, to shareholders of record as of April 6, 2023. The company specializes in engineered structural connectors and building solutions, serving both residential and commercial markets across North America and Europe.
Simpson Manufacturing Co., Inc. (NYSE: SSD) will report its fourth quarter and full year financial results for the period ending December 31, 2022, on February 6, 2023, at 4:15 p.m. ET. President and CEO Michael Olosky, along with CFO Brian Magstadt, will host a conference call at 5:00 p.m. ET, accessible via the company's Investor Relations website. For those unable to attend live, a replay will be available after 8:00 p.m. ET on the same day until February 20, 2023. The company produces engineered structural connectors and building solutions, serving both residential and commercial markets in North America and Europe.